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Wage Dispersion: Why Are Similar Workers Paid Differently? by Mortensen, Dale T.

by Mortensen, Dale T. | HC | VeryGood
US $23.37
ApproximatelyAU $35.94
Condition:
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Former library book; Missing dust jacket; May have limited writing in cover pages. Pages are ... Read moreabout condition
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Last updated on 08 Aug, 2025 06:49:50 AESTView all revisionsView all revisions

Item specifics

Condition
Very good
A book that does not look new and has been read but is in excellent condition. No obvious damage to the cover, with the dust jacket (if applicable) included for hard covers. No missing or damaged pages, no creases or tears, and no underlining/highlighting of text or writing in the margins. May be very minimal identifying marks on the inside cover. Very minimal wear and tear. See the seller’s listing for full details and description of any imperfections. See all condition definitionsopens in a new window or tab
Seller notes
“Former library book; Missing dust jacket; May have limited writing in cover pages. Pages are ...
Binding
Hardcover
Book Title
Wage Dispersion
Weight
0 lbs
Product Group
Book
IsTextBook
No
ISBN
9780262134330

About this product

Product Identifiers

Publisher
MIT Press
ISBN-10
0262134330
ISBN-13
9780262134330
eBay Product ID (ePID)
2345047

Product Key Features

Number of Pages
160 Pages
Publication Name
Wage Dispersion : Why Are Similar Workers Paid Differently?
Language
English
Subject
Economics / General, Econometrics, Labor
Publication Year
2003
Type
Textbook
Subject Area
Business & Economics
Author
Dale Mortensen
Series
Zeuthen Lecture Book Ser.
Format
Hardcover

Dimensions

Item Height
0.6 in
Item Weight
14.3 Oz
Item Length
9.4 in
Item Width
6.5 in

Additional Product Features

Intended Audience
Scholarly & Professional
LCCN
2003-043621
Dewey Edition
21
Reviews
"Mortensen both develops cutting-edge theories of job search and tests them with empirical evidence from an incredible new data set. The integration of theory and data makes this book a must-read for anyone interested in labor economics." -Robert Shimer, Department of Economics, University of Chicago
Illustrated
Yes
Dewey Decimal
331.2101
Synopsis
Why are workers with identical skills found in both "good" jobs and "bad" jobs? Why are workers who do similar jobs paid differently, contrary to standard competitive theory? Observable differences in workers doing the same job account for only 30 percent of wage variation. In Wage Dispersion , Dale Mortensen examines the reasons for pay differentials in the other 70 percent. He finds that these differentials, or wage dispersion, are largely the result of job search friction (which arises when workers do not know the wages offered by all employers) and cross-firm differences in wage policy and productivity. Mortensen examines previous theoretical explanations for wage dispersion, testing them against data from a Danish matched employer-employee database. He begins by offering a simple one-period model of the problem, then expands this basic model intertemporally to include the role of on-the-job worker search behavior. Following this, he discusses theoretical modifications that offer an explanation for the nature of observed wage dispersion, particularly the shape of cross-firm wage distribution. He then examines the hypothesis that wage policies are determined by profit-maximizing behavior and finds that the Danish data do not support it; he argues that bilateral wage bargaining is the more likely determinant. Finally, he reviews recent work that extends the basic theoretical framework to explain wage dispersion within firms., Why are workers with identical skills found in both good jobs and bad jobs? Why are workers who do similar jobs paid differently, contrary to standard competitive theory? Observable differences in workers doing the same job account for only 30 percent of wage variation. In Wage Dispersion , Dale Mortensen examines the reasons for pay differentials in the other 70 percent. He finds that these differentials, or wage dispersion, are largely the result of job search friction (which arises when workers do not know the wages offered by all employers) and cross-firm differences in wage policy and productivity. Mortensen examines previous theoretical explanations for wage dispersion, testing them against data from a Danish matched employer-employee database. He begins by offering a simple one-period model of the problem, then expands this basic model intertemporally to include the role of on-the-job worker search behavior. Following this, he discusses theoretical modifications that offer an explanation for the nature of observed wage dispersion, particularly the shape of cross-firm wage distribution. He then examines the hypothesis that wage policies are determined by profit-maximizing behavior and finds that the Danish data do not support it; he argues that bilateral wage bargaining is the more likely determinant. Finally, he reviews recent work that extends the basic theoretical framework to explain wage dispersion within firms., A theoretical and empirical examination of wage differentials findsthat traditional theories of competition do not explain why workers with identical skills are paid differently.
LC Classification Number
HD6061.M87 2003

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